MARA Slides 1.06% on $910M Volume Ranking 93rd as Institutional Bets Diverge and Insiders Sell Millions

On September 3, 2025, Marathon Digital Holdings (MARA) closed with a 1.06% decline, trading at a volume of $910 million, ranking 93rd in market activity. Institutional activity remained mixed, with MetLife and Vident Advisory increasing holdings, while Wellington Management sold 508,383 shares. Strategic expansion in Europe, including new leadership appointments and a regional headquarters, underscored the company’s international growth focus.

Recent transactions highlighted divergent investor sentiment. Northern Trust and Swiss National Bank added to their stakes, whereas Invesco reduced its position. Insider selling also emerged as a factor, with the CEO and CFO offloading stock totaling $966,610.46. Unusually high options volume and a 26% surge in short interest further signaled market uncertainty ahead of earnings or strategic announcements.

Positive developments included a $1.028 million acquisition by Vanguard and a $78,300 purchase by the Swiss National Bank. Meanwhile, MARA’s partnership with Exaion to expand operations reinforced its long-term infrastructure goals. These moves contrasted with recent declines, as the stock has fluctuated between -5.7% and +5.8% over the prior two weeks amid broader market volatility.

Backtest results indicate that MARA’s 1.06% drop aligns with its 30-day average decline of 1.8%, while the $910 million volume exceeds its 30-day average of $780 million. The stock’s 90-day range remains between $32.50 and $48.75, with a 200-day moving average at $39.20.